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Monday, October 26, 2020

Fed Printing More Money Despite Inflation Fears

The Federal Reserve held its first Federal Open Market Committee meeting this week.As expected, the central bank held interest rates steady but the overall posture of the Fed came off as rather dovish. Quantitative easing will continue into the near future and Fed Chairman Jerome Powell left the door open for future rate cuts.The Federal…

Government Spending Now “Unsustainable”

The US federal government ran a budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012 — in the midst of the Great Recession.The budget shortfall from January through December totaled $1.02 trillion, according to the latest report issued by the…

Fed Waiting for a “Dollar-Crisis” to Fight Inflation – Expert

Former Federal Reserve Chairman Paul Volcker passed away last week. Volker was appointed by President Jimmy Carter, but served most of his term under President Ronald Reagan. Volker was best-known for fighting inflation with interest rate hikes. At the peak, Volker pushed rates all the way to 20%.Peter talked about Volcker in a recent podcast,…

Economy Would Function “Just Fine” With No Fed – Professor

Expert blames central bank for stirring up economic chaos Do we even need the Federal Reserve?Whether on the political left, right, or in the middle, virtually everybody thinks we do. After all, without the Fed, we’ll have wild economic swings and crashes.Economist Edward Stringham disagrees. In this It’s Your Dime Interview, he talks about it…

Fed Benefits From Weak Economy – Expert

In his most recent podcast, Peter Schiff said something that seems rather perplexing on the surface. He said that the current stock market rally isn’t being driven by a strong economy. It’s actually being driven by a weak economy.How can this be?Well, the underlying economic weakness is what keeps the Federal Reserve in play and…

Federal Reserve: Out-sourcing the Monetary System to the Money Trust Oligarchs Since 1913

Submitted by Steve Brown… Today, ‘money’ is a guarantee to honor government debt, where the currency in our pockets represents tax claims as well as debt purchased by the Federal Reserve and others (1) from the US Treasury, so that the Federal Reserve may issue the notes that constitute the cash in your wallet. Just…

Central Banks Buying More Gold

Banks worldwide ripping themselves away from Fed’s dollar The central bank gold-buying spree shows no sign of letting up as countries seek to diversify their reserves away from the US dollar.Globally, central banks added another net 47.5 tons of gold to their reserves in September, according to the latest data from the World Gold Council.There were no significant…

Peter Schiff Warns of Coming Higher Consumer Prices Amid Weakening Dollar

Years ago, markets used to pay a lot of attention to the money supply and trade deficits. Now, these numbers barely get a passing mention. In his latest podcast, Peter Schiff said he thinks what is old will become new again and trade deficits and money printing will once again come front and center.The dollar…

Bigger Bubble than ’08 Financial Crisis Set to Burst

Expert warns Fed’s next ‘solution’ won’t work “In case the people in this room didn’t know, the financial crisis of 2008, which I had been forecasting for some time, and the Great Recession that ensued, was caused predominantly by the Federal Reserve.”This was the opening line of Peter Schiff’s talk at the Las Vegas MoneyShow.The…

Fed Buys $14 Billion in US Bonds in Two Weeks

Treasury needs all the help it can get financing the massive government deficits Has QE4 already started?For the first time since October 2014, the Federal Reserve has bought a significant number of US Treasurys. Over the past two weeks, the Fed purchased $14 billion in US bonds.Up until 2 weeks ago, it had been 250…
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